Tega Cay Real Estate June 2024

TEGA CAY REAL ESTATE JUNE 2024 HIGHLIGHTS

Tega Cay real estate June 2024 saw home sales decline after three consecutive month of increases. Median and average sale prices increased from one month ago and one year ago to their highest levels compared with June 2023 and 2022. Days on market declined 34.38% to 21 days compared with one month ago and were down 16% from June one year ago.  New listings declined from one month ago and were down slightly from one year ago. Housing inventory improved slightly after three consecutive months of declines. The months supply of inventory at 3.34 months, kept Tega Cay in home seller territory. The list to sale price ratio declined a second consecutive month to 97.72%, giving Tega Cay home buyers a window of opportunity to negotiate on price.

TEGA CAY REAL ESTATE:  JUNE 2024 SNAPSHOT

HOUSING INVENTORY UP SLIGHTLY AFTER THREE MONTHS OF DECLINES

Tega Cay’s number of properties for sale in June 2024 increased 9.72% to 79 after three consecutive months of declines. June’s inventory increased by seven properties versus May 2024. Compared with June 2023, Tega Cay inventory increased 5.33% from 75 properties for sale one year ago. June 2024 inventory was lower by two properties compared with June 2022.

Month-over-month, the months supply of inventory was flat at 3.43 months (3.46 months in May), keeping Tega Cay in home seller “territory.” Compared with June 2023 and 2022, the months supply of inventory was at its highest level in June 2024.

NEW LISTINGS DECLINED

New listings in Tega Cay declined in June 2024 to 27 from 31 in the previous month of May. Compared with June 2023, new listings were 3.57% lower when Tega Cay had 28 new listings. New listings in June 2024 were considerably lower than in June 2022 when Tega Cay had 43 new listings come on market.

TEGA CAY SALES DOWN AFTER THREE CONSECUTIVE MONTHS OF INCREASES

Tega Cay had 23 sales in June 2024, down 17.86% from 28 sales in the previous month of May.  The number of sales was unchanged compared with June one year ago. Sales were considerably lower compared with June 2022, which saw 42 sales.  

DAYS ON MARKET DOWN MONTH-OVER-MONTH & YEAR-OVER-YEAR

Days on market in Tega Cay declined to 21 days from 32 in May 2024. Days on market declined 16% from 25 days compared with June 2023. Days on market were 14 days higher in June 2024 than in June 2022. 

TEGA CAY HOME SALE PRICES INCREASED MONTH-OVER-MONTH & YEAR-OVER-YEAR

Average sale price in June 2024 was $640,859, up 27.17% from the prior month of May.  Compared with June 2023, average sale price was 3.87% higher than the $616,956 one year ago. Tega Cay’s average sale price was at its highest level compared with June 2023 and 2022. 

Median sale price of Tega Cay homes in June 2024 was $620,000, up 63.59% from $379,000 in the previous month of May. Median sale price increased 11.64% from $555,375 year-over-year. Tega Cay’s median sale price was at its highest level compared with June 2023 and 2022. It’s reasonable to assume that much of the month-over-month increase in median sale price stemmed from a higher price mix of homes sold in June. 

Price per square foot was $227 in June 2024, down 2.58% from $233 in the previous month of May. Compared with June 2023, price per square foot was 2.25% higher than $222 one year ago.

TEGA CAY HOMES LIST TO SALE PRICE RATIO DECLINED A SECOND CONSECUTIVE MONTH

Sellers received 97.72% of listing price in June 2024, down from 98.88% in the previous month of May and down from 100.16% in April. The list to sale price ratio declined from 99.84% in June one year ago. Tega Cay home buyers are finally seeing a window of opportunity to negotiate on price.

 

MEDIAN HOME PRICE TRENDS IN TEGA CAY, SC

ROLLING 12-MONTH AVERAGE

 

 

 

`Want to know what this would mean for your family if you decide to buy or sell a Tega Cay home?

 

I can help.

Call me today at 704-779-0813 or contact me here.

There’s absolutely NO OBLIGATION. A consultation with Nina Hollander is FREE. 

 

 

 

Did you know… Tega Cay has been ranked by niche.com as…

• The #2 best place/suburb to live in in the Charlotte metro area?
• The #1 best place/suburb to live in South Carolina?
• The #1 best place/suburb to raise a family in South Carolina?
• The #2 best place/suburb for public schools in South Carolina?

SEARCH TEGA CAY, SC AREA HOMES HERE

 

FREE Home Buyer Guide “Things To Consider When Buying A Home”

 

WONDERING WHAT YOUR TEGA CAY AREA HOME IS WORTH?

Contact me if you’d like to receive our Neighborhood Analyzer Report on a monthly basis so you can keep track of home sales activity in your neighborhood.

Note: If you don’t see your subdivision or complex, or the data looks incomplete, it’s because there weren’t enough properties sold in a given year.

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 FREE  Home Seller Guide: “Things To Consider When Selling Your House”

 

 

Tega Cay on Lake Wylie is All About Location, Location, Location and Lifestyle, Lifestyle, Lifestyle!

 

In Polynesian, “tega cay” means beautiful peninsula… which is exactly what Tega Cay, South Carolina is… a beautiful 1600 acre peninsula on Lake Wylie just 20 miles south of Charlotte, North Carolina. The Tega Cay community began developing in the 1970’s and was originally modeled after a Polynesia resort. It includes the Tega Cay Golf Club, a 27-hole golf course, a marina, the Tega Cay Beach & Swim Center, tennis courts at the Tega Cay Tennis Club, walking trails, waterfront parks and ball fields, and so much more. The town also has its own Police Department, Fire Department and Emergency Services Squad.

 

TEGA CAY TENNIS & GOLF CLUB: VIDEO

 

Tega Cay’s motto is “Bonae Vitae/The Good Life” and once you visit and take a look around, you know exactly why that’s so. An upscale, lake-side community, Tega Cay provides a high quality of life, reasonable cost of living, and top-rated public schools. Its small-town feeling provides security and comfort, and sitting on Lake Wylie, it also provides virtually year-round recreation, including boating, golf, tennis, and more. Tega Cay’s Park and Recreation Department is home to more than 4,500 participants annually and features youth baseball, flag football, soccer and softball. But adults are not left out with adult softball, kickball and senior games. And where else would you find both youth and adult croquet games?

 

 

TEGA CAY TRAIL & RIVER LAUNCH: VIDEO

 

This Charlotte, North Carolina update for Tega Cay real estate in June 2024 is provided by  Nina Hollander, Coldwell Banker Realty, Greater Charlotte  residential real estate expert and Tega Cay specialist. I’ve been opening doors for Tega Cay home buyers and sellers since 1999.

 

If you’re considering selling or purchasing a home in Tega Cay or anywhere in the Greater Charlotte region, I’d love an opportunity to earn your business, to exceed your expectations, and to show you why experience matters and how:

“The Right Broker Makes All The Difference.”

 

 

PREVIOUS TEGA CAY REAL ESTATE UPDATESTega Cay Real Estate Update: May 2024

                                                                                     Tega Cay Real Estate Update: April 2024       Tega Cay Real Estate Update: March 2024                                                                                        

Tega Cay Real Estate Update: February 2024     Tega Cay Real Estate Update: January 2024

Tega Cay Real Estate Update: December 2023  Tega Cay Real Estate Update: November 2023

Tega Cay Real Estate Update: October 2023   Tega Cay Real Estate Update: September 2023

Tega Cay Real Estate Update: August 2023  Tega Cay Real Estate Update: July 2023

Tega Cay Real Estate Update: June 2023